SLIDE 4 TSS Confidential
Q1’20 Balance sheet
Main comments:
- - changes in reseller business reversed from
Q4 so A/R decreased $3.3M, Inventory $1.2M and A/R $7M since year end
- No other major changes in BS since year
end otherwise
- Losses and taxes on RSU’s drove changes in
equity
4
$'000 31-Dec-19 Cash & equivalents 5,321 $ 8,678 $ (3,357) $ Contract and other receivables 958 3,865 (2,907) Cost in excess of billings 211 181 30 Inventories 122 1,353 (1,231) Prepaid & other assets 214 108 106 total current assets 6,826 14,185 (7,359) Property & equipment 785 705 80 Lease right of use asset 1,337 1,481 (144) Goodwill 780 780
284 307 (23) Other assets 109 109
10,121 $ 17,567 $ (7,446) $ Accounts payable 965 $ 7,890 $ (6,925) $ Accrued expenses 873 961 (88) Lease liability 670 645 25 Notes Payable
- Billings in excess of revenues
2,312 2,218 94 total current liabilities 4,820 11,714 (6,894) LT debt 2,079 2,028 51 Lease liability 780 956 (176) Other liabilities
7,679 14,698 (7,019) Stockholder's equity 2,442 2,869 (427) total liabilities and equity 10,121 $ 17,567 $ (7,446) $ change from 12/31 31-Mar-20
